Company Basics
Original Company Name
Executive Leasing
Bad Debt Items and time frame
Bill to = 3 month end
Force Charge= current month
Chargeback= current month
Entry to unit-sensitive after JV cut off
2. Book reversing JE
System to research ERAC Ins Claims
DRU- Damage Recovery Unit
CEC and the member?
Compliance and Ethics Committee
Group Controller, HR Manager, Risk Manager, and General Manager
4 Main Points mission statement
to be the Best transportation provider in the world, to Exceed customer expectations in service, quality, and value, to Provide employees with a fun and friendly place to work, to Serve our community as committed corporate citizens
BESP
When does AR start aging
When ticket is billed out
3 overheads and what makes them up?
1. Branch: expenses incurred by the branch
2.Group: 99 & SC expenses, ARMS & 99 salaries
3. Corporate: fixed rate per unit
Describe a conversion
When you lose fundability and findability of a vehicle
OFAC and its importance
Office of Foreign Asset Control
run a sanctions report (background check) on customers to ensure they do not have terrorists' tendency or plan to harm anyone while renting our vehicles
Business Lines we operate in GP53
What is Car Sales, Truck, Daily Rental, Commute, Remarketing, Fleet Management
PMVQ and when is it booked
Accrual to book expenses in the correct month. Invoices that were billed in previous month but were not paid until the first week of the new month
Day 4-7
Purpose of Flux and Scope
to catch any missing payments, accruals, or new items.
20% or $300, Rent will always appear even if it changes $1
Define Deposition
The amount days it takes to selling a vehicle and applying payment to the AR
Car Sales Recon is recognized when
After the sale of a unit
Business Management Career Path
Accountant, Sr. Accountant, AC Supervisor, AC Manager, AS Controller, RBM, Controller
3 internal controls
Separation of Duties
Multiple levels of Approval
Duplicate Payment Queries
Net profit Formula and what item means
OP + Vehicle Adj/FLIP= Net Profit
IPC-BE=OP
FLIP= Inventory Adj+ Sales Fee
What is remarketing judge on?
1. Sales Volume
2. Disposition Days
3. Washout (bonus: formula)
Retention and its importance
The % of employees who stay another year at the company
the company uses the retention % to gauge how they are doing regarding employee involvement
8 Enterprise Founding Values
OPECOWWG
Criteria for MSC and accounting
1. We paid an expense for another group
2. Over $50 to create or $500 for SE Policy
3. Approval to create
Accounting (credit- 2260, debit- 2205 )
Define On Rent % and DE%
On Rent%: snapshot of the # of units at a specific period of time
DE %: the #of rental days incurred in a 24hr period
Risk Management EAA
LOFR score, uninsured loss per car, claim dispute %, LPC% of total Rev, 15 pass van, ARQ score
how does growing fleet effect DC, Op Exp, OH, and Personnel
Fleet Size: everything goes up
Per Unit Expense: DC goes up, Op Exp remain the same, OH and Personnel goes down